Stephen King testifies against merger of publishing giants

> The "DOJ has not found, nor does it allege, that the combination will reduce competition in the sale of books", Daniel Petrocelli, Penguin's lead attorney in the trial, said in a statement.

> "We are confident that the robust and competitive landscape that exists will ensure a decision that the acquisition will promote, not harm, competition."

I would love to hear the lawyer's reasoning for how fewer competitors in an already highly consolidated market will increase competition. Is it "because they paid me to say so"?